CA > Los Angeles
Los Angeles, CA 90024,423 Kelton AVE
Los Angeles, CA 90024,423 Kelton AVE
Los Angeles, CA 90024,423 Kelton AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$8,500,000
Est. payment /mo
21 Beds
24 Baths
18,150 SqFt
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UPDATED:

01/27/2025 08:55 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 18,150 sqft

Price per Sqft $468

MLS Listing ID 25483413

Bedrooms 21

HOA Y/N No

Year Built 1987

Lot Size 7,588 Sqft

Property Description

423 Kelton Avenue, a 15-unit multifamily property in Westwood Village. This investment opportunity features a desirable mix of 9 two-bedroom/two-bath, 3 one-bedroom/one-bath, and 3 studio units, catering to a diverse tenant base. Built in 1987, the property is exempt from Los Angeles City Rent Control, allowing for significant rental growth potential. With 6 vacant units, this presents an ideal value-add opportunity for investors to implement a renovation program, upgrade units with high-end finishes, and maximize rental income. Situated in the highly sought-after Westwood Village neighborhood, residents enjoy close proximity to UCLA, renowned dining and shopping options, entertainment venues, and major employment centers. Premium amenities include controlled access, a spacious lobby with an office, gated on-grade and subterranean parking with 25 spaces, and on-site laundry facilities. Westwood Village boasts a robust rental market driven by strong demand from students, professionals, and families, with continued growth in population, employment, and economic activity. This prime location in one of Los Angeles' most desirable neighborhoods offers excellent long-term appreciation potential.

Location

State CA

County Los Angeles

Area C05 - Westwood - Century City

Zoning LAR4

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Gated

Total Parking Spaces 25

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4363003019

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jeffrey Louks • Marcus & Millichap

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